Amber Group Expands into Energy Solutions with Power-One Acquisition

In a dynamic merger and acquisition landscape, key Indian companies including Amber Group, Rainbow Children's Medicare Ltd, Mahindra Lifespaces, and Asian Paints have engaged in strategic deals to bolster their market presence and technological capabilities. Amber Group, through its subsidiary ILJIN Electronics, is set to purchase Power-One Micro Systems Pvt Ltd, aiming to enter the fast-growing energy solutions market. Complementing its existing portfolio, this acquisition allows Amber to foray into solar inverters and related technologies. Meanwhile, Rainbow Children's Medicare Ltd is expanding its footprint in Northern Telangana by acquiring a controlling stake in Prashanthi Medicare Pvt Ltd for an enterprise valuation of Rs 32.6 crore. This extends Rainbow's network to 20 hospitals, enhancing its hub-and-spoke model for pediatric and women's care. In the home décor sector, Asian Paints has fully acquired Obgenix Software from its founders to enrich its offerings beyond paints. This phased acquisition aligns with Asian Paints' broader strategic vision. Collectively, these M&A activities highlight a period of strategic enhancement and sectoral diversification among prominent Indian firms.